If you're looking for a place to rest some money, you might want to consider Jim Cramer's favorite hotel stocks.

Largely, the "Mad Money" host says, "The whole group is looking good here." He believes there's a bull market in lodging.

"In developed markets like the United States, there are very few new hotels being built by historical standards. Meanwhile, travel has been on the rebound for years," Cramer said.

If the industry has limited supply and it's facing increased demand, hotels should be able to command higher prices, which in turn should boost profitability across the whole sector.

Of course, not all stocks are created equal. Which one should you own?

Looking at the industry through the prism outlined above, Cramer ranks the four biggest hotel stocks, Starwood, Marriott, Hilton and Hyatt.

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No. 4 – Hyatt

Cramer admits that Hyatt reported a very strong quarter at the end of April, however, of the four stocks on this list, Hyatt is his least favorite, simply because he thinks others have more significant catalysts.

"Plus, it's uberexpensive, selling for 53 times earnings. It's just not the hotel stock I'd own here," Cramer said.

No. 3 – Marriott

Cramer says there's plenty to like about Marriott; in fact he calls it a fabulous operator.

"Marriott's most recent quarter was a terrific beat and raise, and on top of everything else, it generates a ton of cash, cash that can be used to buy back stock. Year-to-date, the company's already repurchased 9 million shares for $467 million, which is equal to 4.6 percent of the float, and they've still got over 30 million shares left in their buyback authorization."

Although Cramer says he could endorse this stock for the buyback, he thinks there are still better places to play.

Now, Cramer's call isn't a referendum on the company; it's simply a referendum on the stock. "Shares have been chugging higher all year, up nearly 20 percent for 2014." Considering the gains, Cramer would rather put money in rivals, simply because he thinks they have more upside.

No. 2 – Hilton

Cramer likes Hilton as a turnaround story. "The company was taken private back in 2007," he said, "but then it came public again last December at $20 a share, and it's now a much better balance sheet story."

Cramer explained that Hilton has refinanced debt and the board is looking to improve the grade of their bonds, which would allow the company to save money on interest payments.

The appeal of a so-called better balance sheet story is that savings outlined above typically go right to the bottom line. "I think of Hilton as a C student who is becoming a B student."

Like a teacher, typically, the Street rewards improvement. Therefore, "I think Hilton has a ton of upside as the company improves itself."

"The thing I adore about this company is that, under the leadership of CEO Frits van Paasschen, Starwood has pioneered what's known as the asset-light business model."

In other words, even though the company runs 1,200 hotels, they only own or lease a limited amount of real estate on which the hotels are built.

"The rest they either manage without owning the property or farm out as franchises," Cramer said. "This is a terrific way for a hotel company to grow its business rapidly without having to spend a fortune on real estate development."

Cramer said Starwood is also very shareholder friendly with a buyback underway as well as a special dividend.

Although the stock has stalled, Cramer believes it has to do with the buyback.

"The company didn't spend a single penny buying back stock in the first quarter. I don't know if management simply wants to wait for a lower price or what, but I think the cessation of the buyback is a big reason why this stock has done nothing year-to-date."

"Here's the good news, though, Starwood still has $615 million left in its repurchase authorization, equal to 4 percent of the market cap, and if they start buying again, I think that could ignite the stock," he said.